Corporate culture and CEO turnover

@inproceedings{Fiordelisi2014CorporateCA,
  title={Corporate culture and CEO turnover},
  author={Franco Fiordelisi and Ornella Ricci},
  year={2014}
}
We study the effect of corporate culture on the relationship between firm performance and CEO turnover. Utilising a measure of cultural dimension developed in organisation behaviour research, we quantify corporate culture by assessing official documents using a text analysis approach. We employ this quantification to examine the impact of culture on CEO turnover, especially in the case of poor firm-specific performance. First, we find strong evidence of a negative relationship between firm… CONTINUE READING

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